Ortho-benzene universal resin-200, double ring (DC) hand lay resin -160, artificial stone/quartz stone resin -180, pultrusion resin -210, winding structure layer resin -200, winding interlayer benzene lining resin -180, NPG type molding resin -190, DPG type molding resin -170. The raw material market prices are weak and declining, but there is huge uncertainty in international oil prices, and the resin market prices are temporarily stable.

Last week was China's National Day holiday, and international oil prices plummeted, leading to a decrease in UPR raw materials for post holiday work. However, on October 7th, the Middle East War suddenly broke out, and it is currently uncertain how long this war can last and how many factions and countries will participate in the war. Therefore, there is huge uncertainty in international oil prices, and the possibility of a short-term surge cannot be ruled out. In this situation, the adjustment of the chemical market may be reversed at any time.

After the National Day holiday, UPR factories did not add many new orders and had low production loads. Some factories lowered their prices, but most factories and downstream customers were on the sidelines. At present, downstream customers have sufficient inventory and have a weak desire to purchase temporarily, waiting for further clarity in the market. The core factor affecting the market this week is the impact of the Middle East war on international oil prices. If the impact is not significant, the UPR market price will be slightly lowered in the second half of this week; If the impact is significant and upstream raw materials rebound significantly again, UPR prices will maintain the current situation.